GM Generali

Generali (AQEU:GM)
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Germany hasn't reached any decision yet about possible help for General Motors Corp.'s (GM) German unit Opel and it will contact GM and the U.S. government in the coming weeks, Germany's Economics Minister Karl-Theodor zu Guttenberg said Monday.

He said the government learnt some details of the company's restructuring plan for Opel earlier Monday and the economics ministry and government would now examine these. The examination would be thorough and any decision would take as long as needed to be "economically sensible."

The examination will start this week and continue over the coming weeks, he said.

"I will seek contact first with the mother company to discuss open questions and to get an impression where the mother company is heading," he said. "I will also talk with the U.S. government during my U.S. visit in two weeks because the one or the other questions could depends on the cooperation of both governments. We will also talk with the (German) state economics ministers this week about the details that we have learned today."

His comments come after a meeting with GM Europe Chief Executive Carl-Peter Forster, who presented the company's restructuring plan for Opel.

Web sites: www.bmwi.de; www.gm.com

-By Andrea Thomas, Dow Jones Newswires; +49 (0)30 - 2888 410; andrea.thomas@dowjones.com